Banking Risk Consultant (RCSA)

Banking Risk Consultant – RCSA / Banking & Financial ServicesLocation: New York City – Lower Manhattan / Financial DistrictWork Arrangement: Hybrid – 3 days onsite / 2 days remoteEngagement Type: Full-Time Consulting EngagementDuration: 6+ months, with potential for extensionPosition OverviewWe are seeking experienced Risk Management Consultants with hands-on Risk and Control Self-Assessment (RCSA) experience supporting large financial services organizations, including major banks and other highly regulated financial institutions.We are specifically targeting professionals who have performed RCSA-related work within large financial services environments, either from an external consulting/advisory perspective or in an internal risk management capacity.Relevant backgrounds include:Consulting & Advisory: Professionals from management consulting, risk advisory, or financial services consulting practices who have supported RCSA assessments, risk and control frameworks, operational risk programs, or regulatory remediation initiatives for large banking and financial services clients.Internal Financial Services: Professionals who have worked directly within large banks or financial institutions in Operational Risk, Enterprise Risk Management, Risk & Controls, or First Line of Defense (1LOD) and Second Line of Defense (2LOD) functions.The consultant will support a key risk management initiative within a leading banking environment, partnering with risk leadership, business stakeholders, compliance teams, and technology partners to assess risk and control environments, strengthen governance, and support the execution of risk management programs.While the engagement includes elements of program management and governance, hands-on RCSA experience within banking or financial services is a primary qualification. We are seeking individuals who understand the practical application of risk and control frameworks, rather than candidates whose experience is limited to traditional project management or PMO coordination.Key ResponsibilitiesSupport the execution and enhancement of Risk and Control Self-Assessments (RCSA) across business functions and risk management programs within a large banking environment.Partner with First Line of Defense (1LOD) business stakeholders and Second Line of Defense (2LOD) risk teams to evaluate risk exposures, control effectiveness, and opportunities for improvement.Assist with identifying, documenting, and assessing inherent risks, existing controls, residual risks, and control gaps.Support the development, implementation, and enhancement of operational risk and control frameworks.Facilitate RCSA workshops, risk assessment discussions, and working sessions with business leaders, risk professionals, and subject matter experts.Review and document business processes, risk and control inventories, control assessments, and associated risk mitigation activities.Support remediation efforts related to identified control deficiencies, audit findings, regulatory observations, and risk management gaps.Track risk issues, remediation plans, action items, and deliverables to ensure appropriate ownership, accountability, and timely resolution.Coordinate activities across Operational Risk, Technology Risk, Financial Risk, Compliance, Operations, and other business functions.Support risk governance and program management activities, including milestone tracking, workstream coordination, issue escalation, and stakeholder reporting.Develop executive-level reporting, risk assessment summaries, dashboards, and presentations to communicate findings and program progress.Assist with risk transformation initiatives, control enhancements, and improvements to risk assessment methodologies and documentation.Work collaboratively with consulting teams, internal stakeholders, and senior leadership to ensure risk management initiatives align with organizational and regulatory expectations.Required QualificationsHands-on Risk and Control Self-Assessment (RCSA) experience within large banking or financial services organizations is strongly preferred.Professional experience supporting large financial institutions through either:External Consulting / Advisory: Delivering risk advisory, RCSA, operational risk, or risk and control engagements for banking and financial services clients.Internal Risk Management: Working directly within a large bank or financial institution in Operational Risk, Enterprise Risk Management, Risk & Controls, or related functions.Strong understanding of operational risk management principles, risk assessment methodologies, internal controls, and risk governance frameworks.Experience identifying and evaluating risks, assessing control effectiveness, documenting control gaps, and supporting remediation activities.Familiarity with First Line of Defense (1LOD) and Second Line of Defense (2LOD) responsibilities within a financial institution.Experience working with risk and control inventories, risk assessments, issue management, and risk mitigation processes.Ability to communicate risk assessment findings and recommendations to business stakeholders, risk management teams, and senior leadership.Strong analytical, problem-solving, documentation, and stakeholder management skills.Ability to navigate complex organizational structures and collaborate across multiple business and risk functions.Advanced proficiency in Microsoft Excel and PowerPoint, including financial/risk reporting and executive presentations.Experience working in highly regulated banking or financial services environments.Highly Preferred ExperienceCandidates with additional experience in one or more of the following areas are particularly encouraged to apply:RCSA framework development, execution, or enhancementOperational Risk Management (ORM)Enterprise Risk Management (ERM)First Line of Defense (1LOD) risk and controlsSecond Line of Defense (2LOD) risk oversightRisk and control identification, assessment, and documentationInherent and residual risk assessmentsControl design and operating effectiveness assessmentsRisk and control inventoriesKey Risk Indicators (KRIs) and risk reportingRegulatory remediation and issue managementInternal audit findings and control remediationRisk transformation and control enhancement initiativesPMO governance supporting risk management programsIdeal Candidate ProfileOur ideal candidate has directly executed or supported RCSA initiatives for large financial services organizations and can demonstrate practical experience assessing risk and control environments.We are particularly interested in two candidate profiles:1. Risk Advisory / Management Consulting ProfessionalsProfessionals who have supported large banking or financial services clients through consulting or advisory engagements focused on RCSA, Operational Risk, Enterprise Risk Management, internal controls, or regulatory remediation.These individuals should be able to discuss their direct involvement in risk assessments, control evaluations, stakeholder engagement, and recommendations for strengthening risk management frameworks.2. Internal Banking / Financial Services Risk ProfessionalsProfessionals currently or previously employed by large banks or other regulated financial institutions who have hands-on experience executing RCSA programs, assessing controls, identifying risk exposures, and partnering with business stakeholders across the First and/or Second Lines of Defense.These individuals should understand how RCSA programs operate within complex banking environments and be comfortable collaborating with business leadership, risk teams, and compliance functions.Important: Candidates with traditional PMO or project management backgrounds are welcome to apply if they also possess meaningful hands-on RCSA experience within banking or financial services. Pure PMO experience without exposure to risk assessments and controls is not the primary target for this engagement.Engagement DetailsThis is a full-time consulting engagement expected to run 6+ months, with potential for extension.The consultant will work onsite three days per week at a client location in or near Lower Manhattan / New York City's Financial District, with the remaining two days remote.Candidates must be able to commit to the hybrid schedule for the duration of the engagement.